Banking Industry - Articles

Major US Banks Closed 42 Branches in Just Two Weeks
Daily Mail - Mon Sep 9, 2024
Major banks have shuttered more than 40 locations in just two weeks as the local branch bloodbath continues. More»

Wells Fargo to shut down all personal credit lines. Here’s why that can hurt your credit score.
NJ.com - Thu Jul 8, 2021
Wells Fargo is eliminating all personal lines of credit in the next couple of weeks, according to a customer letter reviewed by CNBC. More»

Citigroup Will Pay NY Mayoral Candidate, Former Exec Ray McGuire $5.7 Million Over Next Few Years
NBC New York - Thu Apr 22, 2021
Former Citigroup executive Ray McGuire, who is running to be mayor of New York, will receive a total of more than $5 million from the Wall Street bank from 2022 through 2025. More»

Ponzi King Bernie Madoff Dies in Federal Prison
NBC New York - Wed Apr 14, 2021
Bernie Madoff, convicted of leading the largest Ponzi scheme in history, has died in federal prison at age 82. More»

Bank: "I don't feel comfortable giving you money"
WTIC-TV - Tue Mar 16, 2021
SOUTHINGTON, Connecticut - She went into the TD Bank on Queen Street in Southington, and couldn't believe what she encountered when she tried to make a withdrawal from her business account. More»

Banks are refusing to get $1,400 stimulus checks to Americans as quickly as possible
Huffington Post - Sun Mar 14, 2021
President Joe Biden declared "help is here" during a Friday address in the Rose Garden on the coronavirus relief legislation he has signed into law. More»

Large bitcoin payment made to far-right individuals before U.S. Capitol attack
Reuters - Fri Jan 15, 2021
Payments in bitcoin worth more than $500,000 were made to 22 different virtual wallets, most of them belonging to far-right activists and internet personalities, before the storming of the US Capitol, cryptocurrency compliance startup Chainalysis said on Friday. More»

Deutsche Bank and Signature Bank will 'sever ties with Trump and his organization' - Trump Still $300m in Debt
Daily Mail - Tue Jan 12, 2021
Deutsche Bank AG is to sever all ties with President Trump and the Trump organization according to a source with knowledge of the sudden business decision. More»

Trump's private bankers resign from Deutsche Bank
CNN Business - Tue Dec 22, 2020
New York, NY - The private bankers responsible for lending to President Donald Trump and Jared Kushner have resigned from Deutsche Bank, the bank said. More»

Miami Attorney Arrested for Being Serial Bank Robber
Heavy - Thu Oct 22, 2020
Aaron Honaker is a Miami, Florida, attorney who is accused of being a serial bank robber. More»

Deutsche Bank confirms plan to cut 18,000 jobs
BBC - Sun Jul 7, 2019
Deutsche Bank will cut 18,000 jobs over three years as part of a radical reorganisation of the German bank. More»

Wells Fargo Says Its Culture Has Changed. Some Employees Disagree.
New York Times - Sat Mar 9, 2019
Wells Fargo has spent years publicly apologizing for deceiving customers with fake bank accounts, unwarranted fees and unwanted products. More»

Former Greek Prime Minister Lucas Papademos has been injured by an explosion inside his car in Athens
BBC - Wed May 24, 2017
Reports say the blast may have been caused by a letter bomb. More»

Bank of America Whistle-blower Bombshell: "We Were Told to Lie" to Rip Off Borrowers
AlterNet - Fri Jun 21, 2013
Bank of America's mortgage servicing unit systematically lied to homeowners, fraudulently denied loan modifications, and paid their staff bonuses for deliberately pushing people into foreclosure: Yes, these allegations were suspected by any homeowner who ever had to deal with the bank to try to get a loan modification - but now they come from six former employees and one contractor, whose sworn statements were added last week to a civil lawsuit filed in federal court in Massachusetts. More»

FDIC closes banks in North Carolina, Georgia
Associated Press - Sat May 11, 2013
WASHINGTON - Regulators say they have closed banks in North Carolina and Georgia, bringing the number of US bank failures to 12 this year. More»

Movers, deputies refuse to evict 103-year-old woman
WSB-TV - Tue Nov 29, 2011
ATLANTA, Georgia - A 103-year-old woman and her 83-year-old daughter were just moments from being evicted from their home Tuesday, when sheriff's deputies and the moving company hired by the bank decided not to go through with the action. More»

Banks closed in Ga, NC, NJ, Ill; 80 failed in 2011
Associated Press - Fri Oct 14, 2011
WASHINGTON - Regulators on Friday closed small banks in Georgia, North Carolina, New Jersey and Illinois, boosting to 80 the number of US bank failures this year. More»

Bank of America to shut down lending division
Associated Press - Wed Oct 5, 2011
NEW YORK - Bank of America is closing down one of its mortgage units. More»

700 arrested after protest on NY's Brooklyn Bridge
Associated Press - Sat Oct 1, 2011
NEW YORK - Protesters speaking out against corporate greed and other grievances were maintaining a presence in Manhattan's Financial District Sunday even after more than 700 of them were arrested during a march on the Brooklyn Bridge in a tense confrontation with police. More»

US regulator to sue banks over subprime mortgage losses
BBC - Thu Sep 1, 2011
US authorities are to sue 17 major banks for losses on mortgage-backed investments that cost taxpayers tens of billions of dollars. More»

Bulldoze: The New Way to Foreclose
Time - Sun Jul 31, 2011
Banks have a new remedy for America's ailing housing market: bulldozers. More»

Banks Still Robo-Signing
Reuters - Mon Jul 18, 2011
NEW YORK/IMMOKALEE, Florida - America's leading mortgage lenders vowed in March to end the dubious foreclosure practices that caused a bruising scandal last year. More»

Man Buys House With Cash, Bank Of America Tries To Foreclose
Sacramento Bee - Thu Jun 30, 2011
Kamal Sharma almost lost his house in a foreclosure auction the other day. More»

Bank of America in Florida Foreclosed On by Angry Homeowner
ABC News - Tue Jun 7, 2011
In Florida an angry homeowner whose home was wrongfully foreclosed on by Bank of America gets revenge by foreclosing on the bank's local branch. More»

FBI shut down three of largest poker sites
The Daily Mail - Thu Apr 14, 2011
Three of the largest online poker sites have been shut down by the FBI in a probe that could bring about the death of the internet gambling industry. More»

Hacker group releases BofA employee correspondence
Reuters - Sun Mar 13, 2011
CHARLOTTE, North Carolina - Anonymous, a hacker group sympathetic to WikiLeaks, released on Monday emails that it obtained from someone who said he is a former Bank of America Corp employee. More»

The US bank and the secret plan to destroy WikiLeaks
The Independent, UK - Thu Feb 17, 2011
The computer hackers collective Anonymous has uncovered a proposal by a consortium of private contractors to attack and discredit WikiLeaks. More»

7 banks closed in Fla., Ga., Ill., Kan., Ariz.
Associated Press - Fri Oct 22, 2010
WASHINGTON - Regulators on Friday shut down a total of seven banks in Florida, Georgia, Illinois, Kansas and Arizona, lifting to 139 the number of US banks that have fallen this year as soured loans have mounted and the economy has sputtered. More»

BofA's unfunny foreclosure tricks
CNN - Wed Sep 22, 2010
The irresponsible foreclosure practices of banks have been in the headlines. More»

Wells Fargo Ordered To Pay $203 MILLION In Fees Over 'Unfair' Charges
Associated Press - Tue Aug 10, 2010
NEW YORK - A federal judge in California ordered Wells Fargo & Co to change what he called "unfair and deceptive business practices" that led customers into paying multiple overdraft fees, and to pay $203 million back to customers. More»

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